The CPP
is Investing $305 Million in 13 Nuclear-Weapons ProducersThe table below was produced by Richard Sanders, for the Coalition to Oppose the Arms Trade
(COAT), June 7, 2016.

As of March 31, 2016, Canada Pension Plan (CPP)
has investments worth Cdn$305 million in thirteen major, war industries that are involved in the production,
maintenance, and modernisation of nuclear weapons.

The table below compares data from three sources:
(1) The latest annual report from the CPP Investment Board (March 31, 2016) on
its foreign public equity holdings,
(2) A report called Don’t Bank on the Bomb (November 2015) which examines
global investments in companies providing the "necessary components to develop,
test, maintain and modernise nuclear weapons." This report by PAX
(Netherlands) also looks at 382 financial institutions from around the world
that invested US$493 billion in 26 nuclear-weapons
producers. These financial institutions, based in 27 countries, include
17 Canadian banks and other corporations that made about Cdn$27.7 Billion
available to the 26 nuclear-weapons producing companies since January 2012.
However, the PAX report does not examine the CPP's portfolio which includes
investments of $305 million in 13 of the 26 nuclear weapons producers.
Neither does it report on the CPP's investments of $11 Billion in 113 financial
institutions that -- since 2012 -- have made US$313 Billion available to
the 26 nuclear-weapons producers.
(3) The most recent data on the world's top 100 war industries (July 28, 2015),
euphemistically called "Top 100 Defense Companies" by Defense News.
Besides the nuclear-weapons producers shown below, the CPP has invested in many
others on the Top-100 list of global, war industries. See this COAT Table: "The
Canada Pension Plan (CPP) is now investing over $1 Billion in 31 of the World's
Top 100 War Industries."

Nuclear
Weapons
Producers

CPP
Investments
2016 (1)(in $Cdn millions)

Country

Role in the production, maintenance,
and modernisation of nuclear weapons.(2)

Company ranking among
the World's Top 100 War Industries
(3)

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Aecom

US

Aecom provides professional technical and
management support services and is part of the joint venture that manages
the Nevada National Security Site,
a key fixture in the US nuclear weapons infrastructure.

Aerojet Rocketdyne

US

Aerojet Rocketdyne, formerly known as GenCorp is
involved in the design, development and production of land- and sea-based
nuclear ballistic missile systems for the United States. It is currently
producing propulsion systems for Minuteman III and D5 Trident nuclear missiles.

50

Airbus Group

Netherlands

Airbus is a Dutch company that produces and
maintains the M51 submarine-launched nuclear missiles for the French navy.
Through joint venture MBDA, Airbus is also providing medium-range
air-to-surface missiles to the French air force.

7

7

Babcock International

UK

Babcock & Wilcox manages and operates several US
nuclear weapons facilities including the Lawrence Livermore National
Laboratory, Los Alamos National Laboratory, and Nevada National Security
Site NNSS, previously known as the Nevada Test Site, each of which are engaged in various
aspects of nuclear warhead modernisation.

25

24

27

32

32

41

37

46

55

74

65

63

60

BAE Systems

$9

UK

BAE Systems is involved in the US and UK Trident
II D5 strategic
weapons system programmes. It is also the prime contractor for the US
Minuteman III Intercontinental Ballistic Missile ICBM system. BAE Systems is
also part of the joint venture providing medium-range air-to-surface
missiles for France.

3

3

3

3

3

2

2

2

3

4

4

4

4

3

4

3

4

Bechtel

USA

Bechtel manages the Los Alamos and Lawrence
Livermore national laboratories in the US, which play an important role in
the research, design, development and production of nuclear weapons. It also
leads the joint venture for management and operation of the Y-12 National Security
Complex in Tennessee and the Pantex Plant in Texas.

27

36

40

44

44

39

34

36

44

35

29

46

34

Boeing Co.

$50

USA

Boeing is involved in the maintenance of the
Minuteman III nuclear intercontinental ballistic missiles in the US arsenal.
It also provides the US and UK Trident II D5 with maintenance, repair, and
rebuilding and technical services.

2

2

2

2

2

4

3

3

2

2

2

2

2

2

2

2

2

CH2M Hill

US

CH2M Hill is one of the joint venture partners
in National Security Technologies NSTec that manages the Nevada National Security Site NNSS,
previously known as the Nevada Test Site, a key fixture in the US nuclear
weapons infrastructure.

Engility

US

In February 2015, Engility acquired US-based
TASC. It is involved in the research and development for the Solid Rocket
Motor Modernization Study of the Minuteman III system for the US arsenal.

54

Finmeccanica SpA

Italy

Finmeccanica is involved in the design,
development and delivery of two Transporter Erector Replacement Vehicles to
support the US Intercontinental Ballistic Missile ICBM Minuteman III-fleet.
It is also involved in the joint venture that supplies medium-range
air-to-surface missiles for the French arsenal.

9

10

8

8

8

8

8

9

9

11

11

9

9

15

26

28

25

Fluor Corp

$17

USA

Fluor is the lead partner responsible for the
management and operation of the US Department of Energy’s Savannah River
Site and Savannah River National Laboratory, the only source of new tritium
for the US nuclear arsenal.

60

44

48

37

37

45

64

61

General Dynamics Corp

$19

USA

General Dynamics provides a range of
engineering, development, and production activities to support to US and UK
Trident II Strategic Weapons Systems. It is also involved in the guidance
systems of the Trident II D5 nuclear missiles of the US Navy.

5

6

5

4

4

5

5

5

6

6

6

6

6

6

5

5

8

Honeywell International

$52

USA

Honeywell International manages and operates the
National Security Campus where an estimated 85% of the non-nuclear
components for US nuclear weapons are produced. It is also involved in
tritium production at the Savannah River Site and produces components for integrated
circuits for the Trident II D5 nuclear missiles of the US arsenal.

16

15

15

14

14

15

15

15

15

32

8

12

10

13

12

14

Huntington Ingalls Industries Inc

$24

USA

Huntington Ingalls Industries is involved in
management of the US nuclear arsenal, and in tritium production at the
Savannah River Site, the only source of new tritium for the US nuclear
arsenal.

13

13

13

13

13

Jacobs Engineering Group Inc

$5

USA

Jacobs Engineering Group is involved in the
joint venture AWE-ML, which manages the UK Atomic Weapons Establishment,
that designs, manufactures and maintains nuclear warheads for the UK.

92

56

65

65

59

60

62

64

83

74

73

42

47

46

Larsen & Toubro

$3

India

Larsen & Toubro is responsible for developing
the launcher system for the nuclear-capable short-range surface-to-air Akash
missile system for the Indian nuclear arsenal.

Lockheed Martin

$38

US

Lockheed Martin is responsible for the
construction of the Trident II D5 nuclear missiles for the US and the UK. It is also
involved in the production and maintenance of the Minuteman III nuclear
intercontinental ballistic missiles for the US. It is part of the joint
venture AWE-ML, which manages the UK Atomic Weapons Establishment, that
designs, manufactures and maintains nuclear warheads for the UK.

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Moog

US

Moog develops launch vehicle and strategic
missile controls for the Minuteman III and Trident D5 missiles for the US
nuclear arsenal.

79

73

76

75

75

Northrop Grumman Corp

$36

USA

Northrop Grumman is involved with production and
maintenance of the Minuteman III nuclear Intercontinental Ballistic Missiles
ICBM for the US nuclear arsenal. It also provides support for the Trident II
D5 system for the US and the UK. It is also part of the
joint venture that manages the Nevada National Security Site NNSS,
previously known as the Nevada Test Site, a key fixture in the US nuclear
weapons infrastructure.

6

5

6

6

6

3

4

4

4

3

3

3

5

5

6

7

6

Orbital ATK

US

Orbital ATK formerly known as ATK or Alliant
Techsystems produces rocket propulsion systems for Trident II submarine
launched ballistic missiles. Orbital ATK is also responsible for
refurbishing all three solid propellant stages of the Minuteman III Intercontinental Ballistic
Missile ICBM for the US. It is also involved in the joint venture for
management and operation of the Y-12 National Security Complex in Tennessee
and the Pantex Plant in Texas.

Raytheon Co

$21

US

Raytheon is involved in a project to stretch the
life-cycle of the guidance systems of the Trident II D5 nuclear missiles of
the US Navy. It is also involved in studies in support of the new W80-4
Long-Range Standoff missile for the US arsenal.

4

4

4

5

5

6

6

6

5

5

5

5

3

4

3

4

3

Safran

$16

France

Safran is part of a joint venture to build M51
submarine-launched nuclear missiles for the French navy, which each deliver
multiple warheads. Its subsidiaries Snecma and Sagem provide the propulsion
and navigation systems for these missiles.

20

23

25

26

26

25

24

27

22

19

Serco

UK

Serco owns a one-third share in the joint
venture AWE-ML, which runs the UK Atomic Weapons Establishment. It is
responsible for manufacturing and maintaining the nuclear warheads for the
UK arsenal.

Thales is part of a joint venture to build the
M51 submarine-launched nuclear missiles for the French navy.

12

9

11

11

11

11

12

11

11

9

9

7

7

7

8

Walchandnagar Industries

India

Walchandnagar Industries Limited supplies
infrastructure and facilities for the production of the surface-to-air
short-range Akash missile and the launching systems for Agni and Akash
missiles for the Indian arsenal. It also manufactures the main thrust motor casing segment for the
intercontinental ballistic Agni-V missile.

3 The World's Top 100 War Industries, July 28, 2015.
(Compiled by Defense News)Top 100 Defense Companies
2015(Links to Defense News data on the
"Top 100" during previous years, i.e., 1999 to 2014, can also be found at the
above web page.)